Ethiopian Energy^Power Business Portal

 (Addisfortune, 2017)

Ethiopia inks its first ever power purchase agreement with private companies in an attempt to triple the nation’s electricity generation capacity to 17,000MW by 2020. The pact will enable developers to start Africa’s largest geothermal projects with an investment capital of four billion dollars.

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 (Addisfortune,2016)

The newly approved bill on geothermal resources exempts royalty payments for companies engaged in thermal resource development and exploration in the country. Last week, Parliament, which was dissolved on July, 8, 2016, was summoned for an urgent session and unanimously approved a number of bills, including the “Geothermal Resources Development Proclamation 2016”.

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Ethiopia signed a land mark PPA agreement for two geothermal  projects , Corbetti Geothermal  and Tulu Moye Geothermal, as the press release from Reykjavik Geothermal and the state media, EBC, stated. 

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(thereporterethiopia, 2017)

The Ethiopian Electric Power is going to sign contract agreements with independent power producers for the construction of geothermal power plants in Corbetti and Tulu Moye localities in the Oromia Regional State.

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